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Generally no, barring some negligence or collusion, with the crminal, we are not responsible for acts of others, but there may be coverage for damages to the property under the homeowners insurance policy. The criminal who committed the crime would be the party responsible for their own acts.
If you are the homeowner, and your property was damaged in the crime, then you will most likely have coverage for your losses under the property portion of your homeowners insurance policy.
The liability portion of your home insurance would offer coverage for legal defense costs as well as any award for accidental damages or injuries for which the property owner (named insured) is found legally liable. Criminal acts of the insured is always excluded from coverage.
Imagine this scenario, You have guests over for the week in your home. A Robber breaks into your house (your property) while you are at work, This robber then shoots and kills one guest in your home and assaults another guest. Do you think you, as the homeowner, should be held liable or responsible for that acts of a guy who illegally broke into your home and beat and murdered your guests simply because you own the property? Barring some negligence or facilitation of the crime, of course not.
Here's another scenario, Someone carjacks you at gun point, they steal your car (your property), then use your car to rob a bank, As the carjacker/bank robber/murderer is hurriedly leaving the bank in your vehicle, they run over and kill two people and seriously injure three others. Should you, as the vehicle owner, be held responsible for 2 deaths, a bank robbery and injury to 3 people simply because it was your property that was used to do all this? Of course not. Barring negligence issues, neither you nor your Auto Insurance carrier would be liable or responsible for the acts of the thief who stole your car.
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Why homeowner policy would cover vandalism and not theft?
Homeowner policies typically cover vandalism as it is considered a form of property damage. Theft is usually covered under a different section of the policy because it involves the unlawful taking of property without permission, which requires separate coverage.
Does homeowners insurance cover theft of cash that was in home during a robbery?
Homeowners insurance usually covers theft of cash up to a certain limit, often around $200-$500. It's recommended to check your policy for specifics and consider keeping larger amounts of cash in a secure location, like a safe or bank.
Does homeowners insurance cover Burglary for renters?
No, homeowners insurance typically only covers property and liability for property owners, not renters. Renters should consider purchasing renters insurance, which can protect their personal belongings in the event of theft or burglary.
Does homeowners insurance cover murder?
Homeowners insurance typically does not cover intentional acts like murder. However, it may provide coverage for damages resulting from a crime scene cleanup or property damage related to the incident. It's important to check the specific policy details or consult your insurance provider for more information.
What is the insurance definition for Vandalism and Malicious Mischief?
Vandalism and Malicious Mischief refers to intentional damage or destruction caused to property by individuals with malicious intent. This can include acts such as graffiti, broken windows, or other forms of deliberate harm. It is typically covered under property insurance policies, although specific coverage may vary.
Who takes away trees that fall on homes after a storm?
Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.
Does homeowner insurance cover tenants who live in a duplex if they fall and break ankle?
No. Homeowners insruance excluded residents of the property. Their medical insurance is responsible for this only.
Can you carry homeowners insurance on company property?
Commercial property cannot be covered by homeowner's insurance. Commercial property insurance must be purchased for that category of property.
What would likely be covered under homeowner's insurance but NOT by renter's insurance?
Damage to anything covered by the landlord's insurance, because the landlord owns the property not the renter. Such damage would be covered under homeowner's insurance, because the homeowner owns the property.
Who is responsible for premises liability the homeowner or property management company?
property owner
What is insurance that protects a homeowner in case of a property ownership dispute?
title insurance
Who is responsible for damage to another person's car on your property?
Obviously the person who caused the damage is responsible. If I thought my neighbor's homeowner's insurance would pay for my car if it is wrecked on his property, I'd drive it right into the side of his house!
Are you compensated for personal items in your car that got destroyed?
That depends on who is responsible for the damage. If someone else was responsible then their insurance should cover your damaged property. If you are at fault then you will have to make a claim on a homeowner or renter's insurance policy of your own, if you have one.
Does insurance pay house off after house destroyed by fire?
It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.
A tree on my property line grows a branch that hangs over my neighbor's property breaks off during a heavy storm onto their property. Who is liable for the damage?
You are responsible, but your homeowner insurance should cover damage.
Does homeowner's insurance cover ponzi scheme?
No, Homeowners Insurance is Property Coverage, not financial or Investment Insurance.
Would likely be covered under homeowners insurance but not by renters insurance?
Damage to anything covered by the landlord's insurance, because the landlord owns the property not the renter. Such damage would be covered under homeowner's insurance, because the homeowner owns the property.
